• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

You are Here :

Moneycontrol News Archive : 7 November, 2008

  • MF NAVs end higher, as mkts close strong

    7th November, 2008 23:48

    Equity diversified NAVs ended higher with positive advance:decline ratio of 216:6, as the markets closed on a strong note. Power, oil, metal, telecom, technology a

  • Sun Pharma extends offer to buy Taro shares

    7th November, 2008 21:35

    Sun Pharma has extended its offer to buy outstanding shares of Taro Pharmaceutical Industries to December 19, reports CNBC-TV18 quoting Newswire18. Sun Pharmaís of

  • Corus cuts crude steel output again

    7th November, 2008 21:29

    Corus will cut its crude steel output with October-March by 30%. The output cut is to align production with European demand, it said. Earlier too, Corus had announ

  • Slowdown effect: PE funds avoid commercial realty projects 

    7th November, 2008 21:05

    The global economic slowdown has derailed demand for commercial properties. This implies that private equity funds are now reluctant to fund commercial projects, a

  • Who will be Obama's Treasury Secretary?

    7th November, 2008 20:37

    It is a widely acknowledged belief that whoever becomes the next US Treasury Secretary, will face unprecented challenges, while managing the largest financial bail

  • No big cheer for Reliance Retail this festive season 

    7th November, 2008 20:36

    The retail industry's not insulated from the economic sluggishness. Reliance Retail, the country's largest retailer, has not had a great festive season.

  • Motorola lays off 3K people globally including India 

    7th November, 2008 20:18

    The latest to be hit by the economic downturn is Motorola. It has laid out their retrenchment plans. CNBC-TV18ís Avni Raja gets the details.

  • US markets bounce back despite weak jobs data

    7th November, 2008 20:05

    US markets bounce back in opening trade, after sharp cut on Thursday. The Dow Jones Industrial Average rose 101.95 points to 8,797 and the Nasdaq gained 20.89 poin

  • See $60/bbl as crucial level for crude: Microsec Comm 

    7th November, 2008 19:44

    I feel that this could be a very important buy play in the overall market, and this year it rose from USD 86 per barrel to USD 147 per barrel. If it breaks USD 60

  • Ramalinga Raju gets F&S Excellence in Leadership Award

    7th November, 2008 19:28

    Satyamís Founder and Chairman Ramalinga Raju Receives Frost & Sullivan Excellence in Leadership Award

  • IDBI Bank reduces BPLR

    7th November, 2008 19:19

    IDBI Bank Ltd, has reviewed its Benchmark Prime Lending Rate (BPLR) keeping in view the current interest rate environment and decided to reduce it by 75 Basis Poin

  • Knowledge Management to catalyst economic growth:K V Kamath

    7th November, 2008 19:10

    Knowledge Management to catalyst economic growth: K V Kamath, President, CII

  • Zebra Tech posts net sales of $244,073,000, up 12.4%

    7th November, 2008 18:47

    Zebra Technologies Corporation announced net sales of $244,073,000 for the third quarter of 2008, up 12.4% from $217,218,000 for the third quarter of 2007.

  • Bank of India cuts BPLR by 75bps

    7th November, 2008 18:28

    Bank of India has cut in its BPLR by 75 bps effective today and the reduction is made applicable across the board to all segments including Housing Loans, Consumer

  • Sell Bharati Shipyard: Parag Parikh

    7th November, 2008 18:10

    Parag Parikh Financial Advisory Services has recommended a sell rating on Bharati Shipyard. BSL witnessed a jump of close to 30% increase in PAT levels to Rs 331.6

  • Corporation Bank appoints J M Garg as Chairman & MD

    7th November, 2008 17:53

    Shri J M Garg has been appointed as Chairman & Managing Director of Corporation Bank. He has since assumed the office of CMD of the Bank

  • FIIs sold Rs 14,248.6 crore in October

    7th November, 2008 17:40

    During the month of October, the Sensex closed with negative returns of 25% and the Nifty lost about 24.42%. The data suggested that heavy selling by the FIIs resu

  • TTML adds 24 lakh shares in OI 

    7th November, 2008 17:37

    TTML, from the momentum pack, was up 15% and was looking extremely smart. A lot of these telecom stocks did well in todayís trading session. TTML added about 24 la

  • Rupee ends higher, bonds close lower

    7th November, 2008 17:30

    The spot rupee closed lower at Rs 47.66 per USD as against its previous close of Rs 47.74. The widely traded 8.24%, 2018 paper ended lower at Rs 103.45 as against

  • Support for Gold & Silver seen at USD 715: Anagram

    7th November, 2008 17:24

    According to Anagram Research Commodity report, Support for Gold & Silver seen around USD 715 and key resistance seen around USD 763 in its November 7, 2008 resear

  • Malini Bakshi walks the path of social entrepreneurship 

    7th November, 2008 17:15

    Fascinated by Madhubani Paintings and moved by the pitiable living conditions of women artists in Bihar, Malini Bakshi decided to walk the path of social entrepren

  • Buy Kalindee Rail Nirman; tgt Rs 163: Emkay Global

    7th November, 2008 17:14

    Emkay Global Financial Services has recommended a buy rating on Kalindee Rail Nirman, with price target of Rs 163. Kalindee Rail Nirmanís reported revenue growth o

  • Hold India Cements; target Rs 102: Emkay Global

    7th November, 2008 17:10

    Emkay Global Financial Services has recommended a hold rating on India Cements, with price target of Rs 102. India Cement Q2FY09 pre exceptional net profit of Rs 1

  • Tech Mahindra sets up 6th Centre of Excellence in UK

    7th November, 2008 17:02

    Tech Mahindra to set up 6th Centre of Excellence in UK. One of the users of the services will be BT PLC including itís Global Services Division and BT South Tynesi

  • Buy Godrej Consumer, target of Rs 125: Angel

    7th November, 2008 16:57

    Angel Broking has maintained its buy rating on Godrej Consumer Products with a revised target price of Rs 125. For 2QFY2009, Godrej Consumer Products (GCPL) posted

  • Yalamanchi aims to take hi5 beyond Internet 

    7th November, 2008 16:56

    Ramu Yalamanchi, Founder, hi5 networks, said the company is now looking at taking hi5 beyond the internet. He said, ďMobiles are really important area for us. So w

  • Reliance Infrastructure can test Rs 650: Mathew 

    7th November, 2008 16:55

    Technical Analyst, E Mathew is of the view that Reliance Infrastructure is looking very interesting and it can test Rs 650.

  • Hindalco has resistance at Rs 84-90: Mathew 

    7th November, 2008 16:50

    Technical Analyst, E Mathew is of the view that Hindalco Industries has resistance at Rs 84-90. Nalco looks better just from a trading angle and from here it still

  • CAG seeks amendments to 1971 Act 

    7th November, 2008 16:41

    The Controller and Auditor General is seeking amendments to a 1971 act, so that he can be more effective as parliament's watchdog on public finances. In a special

  • Rubber pellets expand market opportunities

    7th November, 2008 16:40

    Specialty chemicals group LANXESS AG launched operation of a pelletizing plant for EPDM rubber in late September at its Marl location.

  • Bharti Teletech forms alliance with Transcend Info

    7th November, 2008 16:35

    Bharti Teletech enters into a distribution alliance with Transcend Information. The alliance will place Bharti and Transcend in a strong position to capitalise on

  • Don't invest in auto space: Anantakrishnan 

    7th November, 2008 16:26

    TS Anantakrishnan, Director of Prime wealth management is of the view that one should not invest in auto space at least for the next two quarters.

  • Legal outsourcing stands tall despite financial crisis 

    7th November, 2008 16:22

    There's a silver lining to every dark cloud. The global recession may be taking its toll on most industries, but the Indian legal processes outsourcing is standing

  • Accumulate Nestle India, target of Rs 1626: Angel

    7th November, 2008 16:17

    Angel Broking has maintained an accumulate rating on Nestle India with a target of Rs 1626. For 3QCY2008, Nestle reported a strong Topline growth of 22.2% yoy to R

  • Buy Suzlon Energy: R Shah 

    7th November, 2008 16:11

    Rajen Shah, Chief Investment Officer of Angel Broking is of the view that one can buy Suzlon Energy.

  • Kotak issues buy call for Allcargo Global Logistics 

    7th November, 2008 16:08

    Shashi Kiran Shetty, CMD, Allcargo Global Logistics, said in the coming quarter they will not experience any significant downfall in business.

  • India won't see global funds even on low int rates: nabCap 

    7th November, 2008 15:54

    Nick Parsons, Head - Markets Strategy, nabCapital, does not see a return to the 2003 situation where global liquidity came into emerging markets like India anytime

  • TeleDNA bags US$10mn funding from Peepul Capital

    7th November, 2008 15:52

    TeleDNA Communications Private Limited, has announced that it has been successful in raising funds to the tune of US$10 million (Rupees 50 crore). Peepul Capit

  • Kingfisher Airlines ties up with Disney Publishing

    7th November, 2008 15:44

    Kingfisher Airlines ties up with Disney Publishing to keep its young guest entertained on-board

  • GAIL signs co-operation agreement with Himachal Pradesh

    7th November, 2008 15:24

    GAIL (India) Limited and Government of Himachal Pradesh today signed a Co-operation Agreement

  • Tele cos to pay one-time fee for spectrum over 6.2 mhz 

    7th November, 2008 15:22

    Telecom companies have to pay a one time fee as said by the Telecom Minister, where the government will mop up Rs 4,000 to Rs 5,000 crore for the spectrum beyond 6

  • Reliance Communications back on track

    7th November, 2008 15:19

    Reliance Communications had touched an intraday high of Rs 231.25 and an intraday low of Rs 214.20. At 3:10 pm, the share was quoting at Rs 227.90, up Rs 11.70, or

  • Religare to acquire Lotus India AMC

    7th November, 2008 15:15

    Religare Enterprises Limited (REL) one of the leading integrated financial services groups of India, confirmed that it has agreed to acquire Lotus India Asset Mana

  • Buy Tata Steel, target of Rs 325: KRChoksey

    7th November, 2008 15:11

    KRChoksey Research has recommended a buy rating on Tata Steel with a target price of Rs 325. PAT has increased to 50.13% from Rs 1,488.4 crore to Rs 1787.8 crore.

  • Support for Nifty seen at 2930 level 

    7th November, 2008 15:01

    Flows are mixed at FIIs desk; volumes are thin. Domestic funds are not active buyers in today trade. Bottom fishing is seen in metal stocks at lower levels. Nifty

  • Hold UltraTech Cement: PINC Research

    7th November, 2008 15:00

    PINC Research has recommended a hold rating on UltraTech Cement. Increase in capital charges resulted in net profits falling 12% YoY to Rs 1.6 billion.

  • Mahindraís auto sector sells 20282 vehicles in Oct 08

    7th November, 2008 14:56

    Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $6.7 billion Mahindra Group, announced its October 2008 automotive sales figures.M&Mís domestic volumes f

  • M&M tractors records 7% growth in cumulative sales in Oct

    7th November, 2008 14:50

    M&M Ltd. Tractors records 7% growth in Cumulative Sales (Domestic + Exports) in October 2008

  • Suzlon Energy adds 60 lakh shares in OI 

    7th November, 2008 14:46

    Nifty 50 November Futures have seen addition of 26 lakh shares in the open interest. Suzlon Energy has added 60 lakh shares in open interest. Tata Tele has added 2

  • Buy PNB, target of Rs 715: Motilal Oswal

    7th November, 2008 14:40

    Motilal Oswal has maintained its buy rating on Punjab National Bank (PNB) with a target of Rs 715. Robust PAT growth of 31% YoY to Rs 5.1 billion.

  • Russia allows ONGC to acquire imperial energy, stk up

    7th November, 2008 14:30

    ONGC has touched an intraday high of Rs 774.80 and an intraday low of Rs 730. At 2:19 pm, the share was quoting at Rs 771, up Rs 27.25, or 3.66%. Russia has allowe

  • Concerned about telecom margins ahead: India Infoline 

    7th November, 2008 14:15

    The telecom sector has been in focus after the relentless drubbing that some of the big boys have taken on the bourses after their quarterly results. Commenting on

  • NTPC moves up smartly

    7th November, 2008 14:12

    NTPC had touched an intraday high of Rs 151 and an intraday low of Rs 143. At 2:03 pm, the share was quoting at Rs 149.90, up Rs 5.60, or 3.88%. It was trading wit

  • Reliance Power bounces back

    7th November, 2008 14:08

    Reliance Power has bounced back. It had touched an intraday high of Rs 118.60 and an intraday low of Rs 105.25. At 1:59 pm, the share was quoting at Rs 117.75, up

  • Mkt crisis somewhat over: Mecklai Fin & Comm Serv 

    7th November, 2008 14:00

    Jamal Mecklai, CEO of Mecklai Financial and Commercial Services, feels the crisis is sort of over. He said "Whether it was the RBI or the government acting in conc

  • Shri Lakshmi's net profit up 14.9% to Rs 17.27cr

    7th November, 2008 13:56

    Shri Lakshmi Q1 FY09 net profit up 14.90% to Rs 17.27 cr. Total revenue for the first quarter ended September 30, 2008 stood at Rs 253.83 crore a rise of 10.27% as

  • Investor strategies for bad mkts 

    7th November, 2008 13:52

    In a bad market, they say retail investors are the ones that are hurt the most. So, what strategies should they adopt to save themselves from getting burnt by mark

  • IOC moves up smartly

    7th November, 2008 13:44

    IOC has touched an intraday high of Rs 368 and an intraday low of Rs 347. At 1:33 pm, the share was quoting at Rs 366, up Rs 23.10, or 6.74%. It was trading with

  • GVK Power rallies after Soros buys stock at 70% discount 

    7th November, 2008 13:37

    George Soros, international financier, billionaire investor, has invested Rs 32 crore in GVK Power and the stock is up nearly 66% from recent lows. CNBC-TV18ís Rus

  • Buy Mercator Lines, target of Rs 56: PINC

    7th November, 2008 13:32

    PINC Research is bullish on Mercator Lines and has recommended a buy rating on the stock with a target of Rs 56. Mercator Linesstands at an advantage vis-a-vis com

  • Moser Baer surges 7%

    7th November, 2008 13:14

    Moser Baer had touched an intraday high of Rs 79.45 and an intraday low of Rs 72.05. At 1:04 pm, the share was quoting at Rs 78.50, up Rs 5.20, or 7.09%. It was tr

  • Buy Gitanjali Gems above Rs 98: Mohindar 

    7th November, 2008 12:58

    Rahul Mohindar of Viratechindia is of the view that one can buy Gitanjali Gems above Rs 98 or look at levels between Rs 70-75 in average.

  • Gitanjali Gems maintains its march ahead

    7th November, 2008 12:53

    Gitanjali Gems had touched an intraday high of Rs 89.05 and an intraday low of Rs 81.65. At 12:44 pm, the share was quoting at Rs 87.50, up Rs 4.35, or 5.23%. It w

  • Sell Tata Steel, says Sharma 

    7th November, 2008 12:48

    VK Sharma of Anagram Stock Broking is of the view that one can sell Tata Steel.

  • Patni Computer recovers smartly

    7th November, 2008 12:43

    Patni Computer Systems has touched a 52-week low of Rs 125.05. At 12:33 pm, the share was quoting at Rs 137.40, up Rs 6.80, or 5.21%. It was trading with volumes o

  • Commodity/Energy Derivatives House of the Year:StanChart

    7th November, 2008 12:40

    Standard Chartered Bankís remarkable progress since entering the commodities business two years ago has been recognised by Asia Risk magazine which recently named

  • JSW Steel most expensive steel stock: FinQuest Securities

    7th November, 2008 12:35

    According to FinQuest Securities, JSW Steel is the most expensive steel stock as growth in volume due to incremental capacity is captured in forward earnings.

  • Book profits in Alkali Metals: Sharma 

    7th November, 2008 12:28

    VK Sharma of Anagram Stock Broking is of the view that one can book profits in Alkali Metals.

  • NCDEX- Trade details for November 06, 2008

    7th November, 2008 12:19

    At NCDEX, 458 members users participated in trading on November 06, 2008 up to 5:00 pm and volumes were Rs 1,392 crore (one-way). There were more than 46,930 tra

  • Sell Tata Motors, says Mohindar 

    7th November, 2008 12:19

    Rahul Mohindar of Viratechindia is of the view that one can sell Tata Motors. At this current juncture from a very short term perspective, you have seen an intrada

  • Brokers bullish on Sun TV, DLF, ICICI Bank

    7th November, 2008 12:11

    Brokerage houses are bullish on Sun TV, DLF, ICICI Bank, Lakshmi Machine Works, BHEL, L&T and Bajaj Auto.

  • Revisions in FDI, FII norms important for overall economy 

    7th November, 2008 12:07

    Commenting on the FII and FDI holding changes that are being considered for various sectors, CNBC-TV18's Udayan Mukherjee said the revisions in FDI norms is extrem

  • Which is the correct way of taxing properties? 

    7th November, 2008 12:00

    Property tax has become the single largest source of revenue for municipal corporations following the ablation of octroi. Municipal corporation across the country

  • BPCL makes smart gain

    7th November, 2008 11:56

    BPCL had touched an intraday high of Rs 330 and an intraday low of Rs 310.10. At 11:47 am, the share was quoting at Rs 326, up Rs 15.15, or 4.87%. It was trading w

  • NALCO advances 5.3%

    7th November, 2008 11:54

    NALCO had touched an intraday high of Rs 161 and an intraday low of Rs 146.75. At 11:45 am, the share was quoting at Rs 157.70, up Rs 7.95, or 5.31%. It was tradin

  • Hold Reliance Capital: Indiabulls Securities

    7th November, 2008 11:51

    Indiabulls Securities Research has maintained its hold rating on Reliance Capital. Reliance Capitalís Q2í09 numbers showed mixed prospects for different segments.

  • Buy Rel Comm at Rs 190-220: N Pillai 

    7th November, 2008 11:48

    Neppolian Pillai of Modern Shares & Stock Brokers is of the opinion that one can buy Reliance Communications between about Rs 220 to about Rs 190 kind of levels fo

  • SatNav Technologies launches SatGuide Logger

    7th November, 2008 11:41

    SatNav Technologies is to set yet another benchmark in the GPS world, with the launch of its new gadget. The SatGuide Logger launched recently by SatNav Technologi

  • IFGL Bio - Sancheti to make ceramic ball affordable

    7th November, 2008 11:32

    IFGL Bio signs MoU with Padmabhushan Dr. Sancheti - make Ceramic Ball affordable

  • ICICI Bank loses further ground

    7th November, 2008 11:28

    ICICI Bank has continued to down. It had touched an intraday high of Rs 430 and an intraday low of Rs 406.60. At 11:19 am, the share was quoting at Rs 415.55, down

  • Accumulate Bharti Airtel: N Pillai 

    7th November, 2008 11:24

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that one can accumulate Bharti Airtel.

  • Weakness may continue in gold, crude

    7th November, 2008 11:18

    According to Lt Col Ajay CEO www.astromoneyguru.com -Financial astrology says that weakness may continue in gold and crude oil.

  • Banking, IT space will lead next rally: Baliga

    7th November, 2008 11:08

    Ambareesh Baliga of Karvy Stock Broking feels that banking and IT sectors will lead the next rally. So one needs to be prepared for that next rally, which would po

  • Buy Hero Honda: Baliga 

    7th November, 2008 11:00

    Ambareesh Baliga of Karvy Stock Broking is of the view that one can buy Hero Honda in the auto pack.

  • Ambuja Cements among major gainers

    7th November, 2008 10:52

    Ambuja Cements is among major gainers on the Nifty. It had touched an intraday high of Rs 58.90 and an intraday low of Rs 54.35. At 10:47 am, the share was quoting

  • No change in sugar prices in next 6-8 months: Bajaj Hind 

    7th November, 2008 10:42

    Allahabad High Court has adjourned sugar case hearing to November 18. Kushagra Nayan Bajaj, CEO, Bajaj Hindusthan, said FY09 sugar production will suffer unless th

  • Plethico Pharma to pick up 20% in UAE pharma co, stk up

    7th November, 2008 10:36

    Plethico Pharmaceuticals had touched an intraday high of Rs 153 and an intraday low of Rs 150. At 10:26 am, the share was quoting at Rs 151.20, up Rs 5.45, or 3.74

  • M&M forms 80:20 JV with Australian company, stk down

    7th November, 2008 10:33

    Mahindra and Mahindra had touched an intraday high of Rs 385 and an intraday low of Rs 345.10. At 10:23 am, the share was quoting at Rs 350, down Rs 29.2, or 7.7%.

  • Buy Bajaj Auto, target of Rs 535: Indiabulls Securities

    7th November, 2008 10:26

    Indiabulls Securities Research has upgraded its rating on Bajaj Auto to buy with a target price of Rs 535. For the quarter ending September, BAL reported a 9.2% yo

  • Mkts to grind lower till first half of '09: Kirby Daley 

    7th November, 2008 10:17

    Kirby Daley, Senior Strategist, Newedge Group, said the relief rally is over and US economic fundamentals are still in a disastrous shape. He feels many markets ma

  • GVK Power continues to gain

    7th November, 2008 10:11

    GVK Power has continued to gain. At 10:01 am, the share was quoting at Rs 17.92, up Rs 0.72, or 4.19%. It was trading with volumes of 1,485,601 shares. Yesterday t

  • Sell Gold Dec below Rs 11450: India Infoline

    7th November, 2008 10:05

    India Infoline has recommended to sell Gold Dec below Rs 11450 with a stoploss of Rs 11487 and target of Rs 11413, Rs 11385, Rs 11350.

  • Buy Jeera-Nov at Rs 10980-11000: India Infoline

    7th November, 2008 10:02

    India Infoline has recommended to buy Jeera-Nov at Rs 10980-11000 with a stoploss of Rs 10883 and target of Rs 11100, Rs 11235, Rs 11310.

  • Buy Chambal Fertilisers in Rs 44-33 range: N Pillai 

    7th November, 2008 09:58

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that trader can buy Chambal Fertilisers in the range of Rs 44-33 for a target of Rs 50-53.

  • Nifty has support at 2630-2750: Anand Rathi

    7th November, 2008 09:54

    According to Anand Rathi Securities' report, the Nifty has support at around the 2750 level and thereafter at around 2630.

  • Renault F1 roadshow to race on Delhi streets on Nov 9 

    7th November, 2008 09:49

    The Formula One (F1) road show by Renault on the Rajpath stretch comes to Delhi on Novemeber 9. Renualt is expecting about 3 lakh visitors for the F1 race. CNBC-TV

  • Sensex has support at 9540-9320: ICICIdirect.com

    7th November, 2008 09:45

    According to ICICIdirect.com's report, the Sensex has supports at 9540 and 9320 and resistances at 9780 and 9900.

  • Mkts to see some more pain in coming months: Karvy Stock 

    7th November, 2008 09:40

    Ambareesh Baliga of Karvy Stock Broking said the Sensex will trade in a broad range of about 8,000-11,000. "We have seen enough shock and panic in the market for l

  • Expect weak opening: Karvy

    7th November, 2008 09:36

    According to Karvy Stock Broking's Technical Analysis report, Global indices are trading on a negative note. Our indices are expected to open on a weak note.

  • Nifty has support at 2748: Anagram

    7th November, 2008 09:32

    According to Anagram Research's report, support exists in the Nifty at 2748.

  • Tata Motors may see double digit 

    7th November, 2008 09:30

    Sometime by the end of this year or probably in the first quarter of next year, when the CV down cycle is at its peak and everybody writes it off completely, then

  • Sensex likely to test 9460-9300: Angel

    7th November, 2008 09:26

    According to Angel Broking's Technical Analysis report, benchmark indices are likely to test 9460-9300/2780Ė2750 levels.

  • Nifty has support at 2800: Reliance Money

    7th November, 2008 09:19

    According to Reliance Money's Morning Note, for intraday, levels of 3000 will act as a strong hurdle while support exists far lower around levels of 2800.

  • FIIs net sell Rs 966 crore in Nifty futures 

    7th November, 2008 09:07

    Nifty futures shed 10 lakh shares in Open Interest and ended at 4-point discount. Nifty Open Interest PCR increased to 1.14 versus 1.10. GVK Power was the second t

  • Rupee opens at Rs 47.92 per dollar

    7th November, 2008 09:02

    The Indian Rupee opened at Rs 47.92 per dollar versus Rs 47.72 yesterday.

  • Sell MCX December Gold at Rs 11560: Mittal

    7th November, 2008 09:00

    For gold sell MCX December sell at Rs 11,560 per 10 grams with a target of Rs 10,430 per 10 grams, says Mittal.

  • IIM-B faces faculty crunch on poor pay scale 

    7th November, 2008 08:54

    India's premier business school, IIM Bangalore (IIM-B) is facing a severe faculty crunch. CNBC-TV18ís Vineetha Athrey finds out that the Government fixed pay scale

  • Expect rupee to trade between 47.6-48.1: Venkatraman

    7th November, 2008 08:50

    Weakness in global equity markets, lack of large capital inflows and rising commercial demand will put pressure on the rupee. The range for the day is seen within

  • Mkts likely to mirror global mkt moves: Sandeep Nayak 

    7th November, 2008 08:46

    The bears have an upper hand and the markets are likely to mirror global market moves. One could buy 2900 Put with appropriate stop losses, says Sandeep Nayak.

  • Support for the Nifty at 2780-2700: Gujral

    7th November, 2008 08:44

    Market will have gap down opening on account of weak global cues. Support for the Nifty is at 2780 and 2700 while resistance is at 2920-3000.

  • Investors should look at tangible assets: Tyche Group 

    7th November, 2008 08:43

    Martin Hennecke, Senior Manager, Tyche Group believes that the new American President cannot do much for the economy because the crisis in the US is going to get w

  • Bharat Forge plans to join hands with Alstom group

    7th November, 2008 08:41

    Forgings major Bharat Forge Ltd (BFL) is proposing to enter into an alliance with a Europe-based company of the Alstom Group for the manufacture of critical compon

  • Support for the Sensex at 9321-8938: Gaba

    7th November, 2008 08:40

    The support for the Sensex is 9321-8938 and the resistance to the up move is at 10000.

  • Alkali Metals witnesses 73 bulk deals

    7th November, 2008 08:39

    Alkali Metals closed at Rs 173. 4 on the NSE, at a huge premium of 68.35% to its issue price of Rs 103 on Thursday. It touched an intraday high of Rs 179 and intra

  • Expect more weakness: Bhambwani

    7th November, 2008 08:36

    The outlook for the marketstoday is that of caution as the weekend session is likely to keep bulls at bay. Should the overseas cues be weak, expect more weakness.

  • F&O cues: Futures Open Interest down by Rs 987 cr

    7th November, 2008 08:29

    F&O cues: Nifty Futures shed 10 lakh shares in Open Interest, at 4-point discount. Futures Open Interest down by Rs 987 crore and Options Open Interest down by Rs

  • Stocks in news: RIL, Hindalco, Tata Motors, M&M, Orbit Corp

    7th November, 2008 08:22

    Stocks in news: Orbit Corp and Wadhwa group cut real estate prices in Mumbai by 20%. Mahindra and Mahindra formed 80:20 JV with Australian company TMI Pacific to s

  • Indian ADRs: Sterlite down 15.6%, Infosys slips 10.4%

    7th November, 2008 08:20

    Indian ADRs: Sterlite, Infosys, Wipro, Patni, Satyam, Tata Motors, HDFC Bank, ICICI Bank, MTNL and Dr Reddys slipped.

  • Wall Street slips on economic concerns; Dow down 443 pts

    7th November, 2008 08:17

    US markets logged their biggest two-day point decline on record on economic concerns and poor earnings. Weekly jobless claims continue reflecting weak labor market

  • Slowdown, firm $ driving down cotton prices

    7th November, 2008 08:13

    The month of October that witnessed an unprecedented price collapse in a range of commodities did not spare cotton. Notwithstanding market fundamentals that favour

  • MF NAVs decline sharply on steep fall in markets

    7th November, 2008 01:04

    Equity diversified NAVs closed with negative returns and advance:decline ratio stood at 3:211, as markets ended in red after an unexpected increase in inflation nu

  • OVL yet to receive FAS nod to own Russian assets

    7th November, 2008 21:37

    ONGC Videsh Limited or OVL said that the company has not yet received an approval to own Russian assets controlled by foreign government entities. OVL is currently

  • Over $2 bn debt investment allotment to FIIs utilised: Sebi 

    7th November, 2008 21:32

    The Sebi has said that over USD 2 billion debt investment allotment to FIIs has been utilised. Part of the limit has been invested; rest would be invested within f

  • Sebi pardons IOCís breach of corporate governance norms 

    7th November, 2008 21:26

    Sebi has let off IOC and ONGC for violating corporate governance norms, reports CNBC-TV18 quoting sources. The companies say that the appointment of independent di

  • Auto slowdown: TVS Motors cuts capex plans by 60% 

    7th November, 2008 20:51

    The Indian auto industry is going through a rough ride. After production cuts, plant shutdowns, now companies are announcing huge cuts in capex plans. Venu Sriniva

  • FIIs net buy $147.4 mn in equity on Nov 6

    7th November, 2008 20:37

    FIIs net bought USD 147.4 million in equity on November 6, reports CNBC-TV18.

  • Mutual funds net sell Rs 120.5 cr on Nov 6

    7th November, 2008 20:35

    Mutual Funds were net sellers to the tune of Rs 120.5 crore on November 6, reports CNBC-TV18.

  • India Inc struck 26 M&As deals in Oct: Grant Thornton  

    7th November, 2008 20:12

    In October, 26 mergers and acquisitions (M&A) deals were announced in India valued at USD 2.13 billion. Some of the biggest deals in October were Telenor's USD 1.3

  • Nifty to hit 3250-3280 by next week: Expert 

    7th November, 2008 19:52

    Technical Analyst Mitesh Thakkar sees further upside as long as the Nifty holds at 2860 and expects the index to hit 3250-3280 by next week, if it opens above 3010

  • NCDEX- Trade details for November 07, 2008

    7th November, 2008 19:36

    At NCDEX, 458 members (2,076 users) participated in trading on November 07, 2008 up to 5:00 pm and volumes were Rs 1,370 crore (one-way). There were more than 44

  • Indian mkts end on a better note on cues from Asia 

    7th November, 2008 19:25

    Asian market didnít fall today and got into green. Indian markets took cues fromthat and didnít slip early from the day as there was no gap down. So at the end of

  • Suzlon Energy can test Rs 90-95: Thakkar

    7th November, 2008 19:10

    Technical Analyst, Mitesh Thakkar feels that Suzlon Energy is going to test Rs 90-95 over the next couple of weeks.

  • Wireless technology should cater to local needs: Premji

    7th November, 2008 18:59

    Wireless technology should cater to local needs: Premji

  • Sell Garware Offshore: Parag Parikh

    7th November, 2008 18:29

    Parag Parikh Financial Advisory Services has recommended a sell rating on Garware Offshore Services (GOSL). Accordingly, at Reported PAT levels, the company report

  • Audi R8 - super car launched in India

    7th November, 2008 18:19

    Audi, the German luxury car manufacturer, today launched its Audi R8, the exclusive, mid-engine super sports car with a high degree of day-to-day drivability.

  • Collaborations between IT & Medical Sciences is needed

    7th November, 2008 18:05

    Collaborations between IT & Medical Sciences is the need of the Hour

  • Crude may see high of $68-71/bbl 

    7th November, 2008 17:43

    Till the crude holds USD 60/bbl level, there is a possibility of rally as high as USD 68/bbl to USD 71/bbl levels. But a breach of USD 60/bbl can take prices to US

  • Bajaj Allianz-Himachal Gramin Bk to provide insurance soln

    7th November, 2008 17:40

    Bajaj Allianz Life Insurance and Himachal Gramin Bank Join Hands to Distribute Life Insurance to customers in Himachal Pradesh

  • Mkts not to fall further from current levels: Experts 

    7th November, 2008 17:36

    Rajen Shah of Angel Broking feels that Indian markets have seen the worst. He expects the markets to recover by at least 50% on the upside by next Diwali. TS Anant

  • Scaleo chip & Tata Elxsi to deliver AUTOSAR

    7th November, 2008 17:30

    Scaleo chip, a leading fabless automotive System-On-Chip (SoC) company and Tata Elxsi, a leading automotive service company today announced their partnership to bu

  • Autocar Performance Show from November 13-16

    7th November, 2008 17:21

    The Autocar Performance Show 2008, the ultimate destination for people who eat , sleep , dream cars and bike, begins from 13th November to 16th November 2008 At Th

  • Further dip in prices to hit steel production: Macquarie Bk 

    7th November, 2008 17:15

    Jim Lennon, Head of Global Commodities, Macquarie Bank, feels one may see further production cuts if steel prices continue to slide.

  • DSP BlackRock MF rebrands from DSP Merrill Lynch MF

    7th November, 2008 17:11

    DSP BlackRock Investment Managers announced the rebranding from DSP Merrill Lynch Fund Managers. DSP Merrill Lynch Mutual Fund has also been renamed as DSP BlackRo

  • Buy HDIL; target Rs 170: Emkay Global

    7th November, 2008 17:02

    Emkay Global Financial Services has recommended a buy rating on Housing Development and Infrastructures (HDIL), with price target of Rs 170. Net profit registered

  • Buy ICICI Bank; target Rs 720: Emkay Global

    7th November, 2008 17:00

    Emkay Global Financial Services has recommended a buy rating on ICICI Bank, with price target of Rs 720. ICICI Bankís (ICICI) reported net profit of Rs 10.1 billio

  • Buy Ballarpur Industries; target Rs 37: Emkay Global

    7th November, 2008 16:57

    Emkay Global Financial Services has recommended a buy rating on Ballarpur Industries, with price target of Rs 37. Company reported net revenues of Rs 7.7 billion (

  • Blue Dart completes 25 years of operations

    7th November, 2008 16:55

    Blue Dart completes 25 years of operations. The new initiatives taken up by Blue Dart will upgrade its product range and improve service quality thereby offering c

  • Buy Aban Offshore; target Rs 1365: Emkay Global

    7th November, 2008 16:54

    Emkay Global Financial Services has recommended a buy rating on Aban Offshore, with price target of Rs 1365. Aban has been valued at 20% discount to valuations com

  • Nokia Siemens Networks expand Software Development Center

    7th November, 2008 16:44

    Nokia Siemens Networks strengthens its software innovation network in India. The development center currently employs 1600 engineers in a variety of roles, and is

  • Buy DLF at Rs 175-180: Mathew 

    7th November, 2008 16:40

    Technical Analyst, E Mathew is of the view that one can buy DLF at Rs 175-180.

  • Book profits in Suzlon Energy at Rs 78-80: Mathew 

    7th November, 2008 16:36

    Technical Analyst, E Mathew is of the view that one can book profits in Suzlon Energy at Rs 78-80.

  • NCDEX modifies Crude Palm Oil contract specification

    7th November, 2008 16:32

    NCDEX has made modification in the Crude Palm Oil contract specification. It has added Kakinada as an additional delivery center in all the running contracts of Cr

  • BoR Q2 net profit up by 43.32%

    7th November, 2008 16:24

    The Bank of Rajasthan Ltd., one of the leading private sector banks in the country, has announced net profit of Rs. 34.64 crore showing an increase of 43.32 % agai

  • Hold Cipla, target of Rs 246: KRChoksey

    7th November, 2008 16:21

    KRChoksey Research has maintained its hold rating on Cipla with a target price of Rs 246. In Q2FY09, the companyís sales have increased by 24.7% on a y -o-y basis

  • R Shah negative on TTML 

    7th November, 2008 16:15

    Rajen Shah, Chief Investment Officer of Angel Broking is negative on TTML.

  • RBI offers 3-month forex swaps to banks with foreign ops

    7th November, 2008 16:11

    The RBI, or Reserve Bank of India, will give foreign exchange liquidity to banks with foreign operations via forex swaps up to three months, reports CNBC-TV18. The

  • Expect 18-20% return in RIL: R Shah 

    7th November, 2008 16:01

    Rajen Shah, Chief Investment Officer of Angel Broking is of the view that one can expect about 18-20% kind of return in Reliance Industries by November-December ne

  • Anantakrishnan optimistic on the banking, infra space 

    7th November, 2008 15:53

    TS Anantakrishnan, Director of Prime wealth management is optimistic in the banking, infrastructure space.

  • Buy Punj Lloyd, target of Rs 318: HDFC Securities

    7th November, 2008 15:48

    HDFC Securities has recommended buy rating on Punj Lloyd with a target price of Rs 318. Currently the stock trades at a PER of 12x & 9x our FY09E and FY10E EPS est

  • Bank of Rajasthan revises NRE & FCNR deposit rates

    7th November, 2008 15:31

    Bank of Rajasthan, one of the fastest growing, technology driven and customer friendly private sector bank, has announced revision in Non-Resident (External) Rupee

  • Buy BHEL, target of Rs 1611: KRChoksey

    7th November, 2008 15:22

    KRChoksey Research has recommended a buy rating on Bharat Heavy Electricals (BHEL) with a target price of Rs 1611. Net sales rose by 34.7% (YoY) to Rs 5342.6 crore

  • Buy India Cements, target of Rs 147: Motilal Oswal

    7th November, 2008 15:19

    Motilal Oswal has maintained its buy rating on India Cements with a target of Rs 147. Lower interest cost and lower tax boosts recurring PAT to Rs 1.55 billion

  • TCS surges 4.3%

    7th November, 2008 15:17

    TCS had touched an intraday high of Rs 533.80 and an intraday low of Rs 485.10. At 3:07 pm, the share was quoting at Rs 522.10, up Rs 21.90, or 4.38%. It was tradi

  • Sensex floor seen at 8000-8500 levels: Religare Secs 

    7th November, 2008 15:12

    Ashu Madan, National Head, Religare Securities, feels the market could touch the 8,000 level lows again. Therefore, he sees the Sensex floor at 8,000-8,500. On the

  • Marwadi Fin ramps up online trading with HP Infrastructure

    7th November, 2008 15:07

    Marwadi Shares And Finance Limited, a Gujarat based financial services has selected HPís solutions to consolidate & manage huge volume of online trading effectivel

  • Asian markets end higher

    7th November, 2008 15:00

    Asian markets ended higher. China's Shanghai Composite gained 1.75% or 29.99 points at 1,747.71. Hong Kong's Hang Seng advanced 3.29% or 453.39 points at 14,243.43

  • European markets trading firm

    7th November, 2008 14:59

    European markets were trading firm. CAC 40 was up 0.18% or 6.01 points at 3,393.26. DAX rose 0.79% or 38.10 points at 4,851.67. FTSE 100 gained 1.47% or 62.90 poin

  • Jaiprakash Associates gains further ground

    7th November, 2008 14:56

    Jaiprakash Associates had touched an intraday high of Rs 88.75 and an intraday low of Rs 80.10. At 2:47 pm, the share was quoting at Rs 87.70, up Rs 3.90, or 4.65%

  • Strong support for crude at $60/bbl: Jonathan Barratt 

    7th November, 2008 14:49

    Jonathan Barratt, Commodity Broking Services believes USD 60 per barrel is a solid support level for crude. ďIf USD 60 per barrel is broken, it trades down to USD

  • Sensex EPS to be revised downward: Emkay Global 

    7th November, 2008 14:41

    Anish Damania, Emkay Global Financial Services said that he is looking at revising Sensex EPS (earnings per share) target downwards. ďI think we are doing that rev

  • Buy Bharti Airtel, target of Rs 897: KRChoksey

    7th November, 2008 14:38

    KRChoksey Research has maintained its buy rating rating on Bharti Airtel with a revised target price of Rs 897. EBITDA excluding OI increased 33.3% y-o-y to Rs 3,4

  • Hold Bhushan Steel: PINC Research

    7th November, 2008 14:29

    PINC Research has downgraded its rating on Bhushan Steel to hold. Bhushan Steel Ltd. (BSL) reported sales of Rs 15.2 billion, a YoY rise of 42% on back of higher r

  • Reliance Infra among major gainers

    7th November, 2008 14:15

    Reliance Infrastructure is among major gainers on the Sensex. It had touched an intraday high of Rs 547.20 and an intraday low of Rs 498.60. At 2:06 pm, the share

  • Idea Cellular gains 6.5%

    7th November, 2008 14:10

    Idea Cellular had touched an intraday high of Rs 48.95 and an intraday low of Rs 45. At 2:01 pm, the share was quoting at Rs 48.60, up Rs 2.95, or 6.46%. It was tr

  • Genpact's revenues up by 26% to USD 270.8 mn

    7th November, 2008 14:05

    Genpact reports financial results for the Q3 of 2008. Net income was $33.6 million, up 106% from $16.3 million in the third quarter of 2007; net income mar

  • Steel slowdown: Chronology of production cuts

    7th November, 2008 13:58

    With the US under recession, China cutting back on demand, and cost of commodities going up, the global steel industry is staring at a slowdown. Rising cost of pro

  • Crude has support at USD 60/bbl 

    7th November, 2008 13:55

    Crude has support at USD 60 per barrel but USD 58 per barrel kind of levels also may not be unreachable. Most of base metal prices have seen nearly average 50% of

  • Kotak Mahindra Bank dips nearly 5%

    7th November, 2008 13:47

    Kotak Mahindra Bank had touched an intraday high of Rs 434 and an intraday low of Rs 395.80. At 1:36 pm, the share was quoting at Rs 410.05, down Rs 20.3, or 4.72%

  • Ranbaxy & Daiichi Sankyo completes landmark deal

    7th November, 2008 13:43

    Ranbaxy & Daiichi Sankyo successfully complete landmark deal. Continuing to operate as an independent & autonomous Company, Ranbaxy will work closely with Daiichi

  • General Motors sales grow by 6% in Oct '08

    7th November, 2008 13:34

    General Motors India October 2008 sales grow by 6%. General Motors Indiaís October 2008 sales comprise of 4390 units of the Chevrolet Spark, 855 units of the Chevr

  • Hero Honda posts 6 lakh-plus units in retail sales in Oct

    7th November, 2008 13:25

    Hero Honda posts record 6 lakh-plus units in retail sales in October 2008. This highest-ever retail sales in a month represents more than 12 per cent growth over i

  • Exit HUL, says VK Sharma 

    7th November, 2008 13:00

    VK Sharma of Anagram Stock Broking is of the view that one can exit HUL and even if you are having a longer term horizon like 2-3 years, probably buying Tata Steel

  • Is it the end for mortgage-backed securities mkt in India? 

    7th November, 2008 12:57

    Securities backed by mortgages that have been taken by below credit-worthy home-loan borrowers has triggered the current financial turmoil. But in India, the marke

  • Raheja Corp ties up with Servcorp

    7th November, 2008 12:49

    K Raheja Corp, one of Indiaís leading real estate and retail companies, has entered into an exclusive franchise agreement with Servcorp, global leaders and pioneer

  • Buy INOX Leisure, target of Rs 63: Nirmal Bang

    7th November, 2008 12:44

    Nirmal Bang has maintained its buy rating on INOX Leisure with a target price of Rs 63. The company reported revenues of Rs 60.0 crore which were in line with the

  • HPCL surges 7.3%

    7th November, 2008 12:40

    HPCL has touched an intraday high of Rs 217.05 and an intraday low of Rs 204.45. At 12:31 pm, the share was quoting at Rs 216, up Rs 14.75, or 7.33%. It was tradin

  • Concrete gain in Madras Cements

    7th November, 2008 12:38

    Madras Cements had touched an intraday high of Rs 69.50 and an intraday low of Rs 64. At 12:27 pm, the share was quoting at Rs 67.50, up Rs 3.50, or 5.47%. It was

  • Govt to issue oil bonds to OMCs in 3 tranches

    7th November, 2008 12:31

    The government plans to issue bonds to oil companies in three tranches, reports CNBC-TV18, quoting NewsWire18. Sources told the newswire that the government may is

  • JSW Steel posts 5% growth in crude steel production in Oct

    7th November, 2008 12:25

    JSW Steel posts 5% growth in Crude Steel production in Octoberí08

  • Buy Praj Industries, target of Rs 100: Karvy

    7th November, 2008 12:19

    Karvy Stock Broking has maintained its buy rating on Praj Industries with a target price of Rs 100. For Q2FY09 (standalone), Praj reported the revenue increase of

  • Buy Lupin, target of Rs 935: Karvy

    7th November, 2008 12:14

    Karvy Stock Broking has recommended a buy rating on Lupin with a target price of Rs 935. The company's revenues for the quarter have moved up by 38% to Rs 9.3 bill

  • Bimal K Sahoo joins Rediffusion-Y&R as Biz Head, Mumbai

    7th November, 2008 12:09

    Rediffusion ĖY&R today announced the appointment of Bimal Kumar Sahoo, as Business Head based out of Mumbai. He will be responsible for the Singapore Tourism Board

  • Don't sell Reliance: PN Vijay

    7th November, 2008 12:01

    PN Vijay, Portfolio Manager is of the view that one should not sell Reliance Industries at this level.

  • CEPL launches A3Connect to revolutionize video conferencing

    7th November, 2008 11:56

    ďCEPL Launches A3Connect to revolutionize the video conferencingĒ

  • Buy banking stocks: PN Vijay

    7th November, 2008 11:55

    PN Vijay, Portfolio Manager is of the view that one can buy banking stocks with a six-month view, real estate with one-year view and metal stocks with three-year v

  • IVRCL Infra trips on selling pressure

    7th November, 2008 11:51

    IVRCL Infra has slipped today. It had touched an intraday high of Rs 139.50 and an intraday low of Rs 119.05. At 11:42 am, the share was quoting at Rs 123.65, down

  • Cathay Pacific appoints Naveed Khan

    7th November, 2008 11:50

    Cathay Pacific Airways has appointed Mr. Naveed Khan as Marketing Communications Manager for India, Nepal & Bangladesh.

  • Buy sugar stocks: N Pillai 

    7th November, 2008 11:42

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that one can buy and hold sugar stocks.

  • Buy Bharati Shipyard, target of Rs 185: Asit C. Mehta

    7th November, 2008 11:34

    Asit C. Mehta has maintained its buy rating on Bharati Shipyard with a target price of Rs 185. For Q2 FY09, Bharati Shipyard Limitedís (BSL) net sales increased to

  • Hindalco raises $ 982 mn loan, stk up

    7th November, 2008 11:32

    Hindalco Industries had touched an intraday high of Rs 58 and an intraday low of Rs 55.20. At 11:22 am, the share was quoting at Rs 57.30, up Rs 0.60, or 1.06%. Th

  • Logix Microsystems is Deloitte Technology Fast 500 APAC Co

    7th November, 2008 11:26

    Logix Microsystems Limited, India's fastest growing Software Products Company is now a Deloitte Technology Fast 500 Asia Pacific company two years in a row.

  • SAP APJ Q308 earnings show strategic consistency

    7th November, 2008 11:18

    SAP Asia Pacific Japan announced a 24 per cent growth in its Q3 2008 Software Revenue to Ä146 million. Software and Software-Related Service Revenues in Asia Pacif

  • AirAsia opens direct flight from Kuala Lumpur to Tiruchi

    7th November, 2008 11:09

    AirAsia, the largest and leading low-cost carrier in Asia, has announced that it will commence its daily direct flight to Tiruchirappalli, India from Kuala Lumpur,

  • See Sensex around 16K by Feb: Financial Astrologer 

    7th November, 2008 11:01

    Financial Astrologer Ashok Motiani feels the worst is over for the Indian stock market. He expects the market to go much higher from here on. He sees the Sensex at

  • GMR Infrastructure a better bet: Baliga 

    7th November, 2008 10:55

    Ambareesh Baliga of Karvy Stock Broking is of the view that GMR Infrastructure is a better bet. The revenue benefit will start flowing in from FY10 onwards. The wa

  • Buy IVRCL Infra between Rs 93-115: N Pillai  

    7th November, 2008 10:47

    Neppolian Pillai of Modern Shares & Stock Brokers is of the view that if IVRCL Infrastructure and Projects can hold Rs 93, you can buy between Rs 115 and Rs 93 for

  • Mkt to retest Oct low in next 2 months: Kotak Secs 

    7th November, 2008 10:36

    SA Narayan, Managing Director, Kotak Securities, feels markets are likely to re-test October lows in the next two months. "The market is likely to be extremely vol

  • Revision of circuit filters

    7th November, 2008 10:36

    List of the scrips with reduce circuit filter (except T, TS and Z group) is given below. The revised circuit filters will be effective from November 07, 2008.

  • Expect WPI to moderate: India Capital Markets

    7th November, 2008 10:31

    According to India Capital Markets' Inflation Meter, the research firm expects WPI to further moderate and it should come to single digits before the end of third

  • Indian GDRs: Sterlite slips 15.6%, RIL drops 12.8%

    7th November, 2008 10:24

    Indian GDRs: Sterlite fell 15.59% at USD 4.71, RIL dropped 12.88% at USD 48.70, Infosys plunged 10.47% at USD 24.72, Satyam fell 7.19% at USD 13.81, Gail declined

  • JSW Steel to cut production by 20%, stk slips 5.6%

    7th November, 2008 10:15

    JSW Steel had touched an intraday high of Rs 297 and an intraday low of Rs 280. At 10:05 am, the share was quoting at Rs 284, down Rs 16.95, or 5.63%. The company

  • Nifty has resistance at 2960/3078: Hem

    7th November, 2008 10:05

    According to Hem Securities' Morning Note, Nifty is having resistance at 2960/3078 while Support is at 2783/2725 levels.

  • Ashok Leyland hits 52-week low

    7th November, 2008 10:04

    Ashok Leyland has touched a 52-week low of Rs 16.10. At 09:58 am, the share was quoting at Rs 16.45, down Rs 1, or 5.73% on the NSE. According to sources the compa

  • Suzlon Energy shoots up smartly

    7th November, 2008 10:01

    Suzlon Energy had touched an intraday high of Rs 66.40 and an intraday low of Rs 61.10. At 09:57 am, the share was quoting at Rs 66.20, up Rs 6.05, or 10.06% on th

  • CV manufacturers cut production post ALL, Tata Motors step 

    7th November, 2008 09:58

    Ashok Leyland will shut its Hosur and Ennore plants for 12 working days each in November and December, reports CNBC-TV18, quoting sources. But this is not a one-of

  • Stay away from Tata Motors, Ashok Leyland: Baliga 

    7th November, 2008 09:53

    Ambareesh Baliga of Karvy Stock Broking is of the view that one should stay away from Tata Motors and Ashok Leyland. The next six months to one year view is not go

  • Nifty has support at 2250-2400: Networth

    7th November, 2008 09:49

    According to Networth Stock Broking's Market Review report, the next visible support on Nifty's is a range between 2250-2400.

  • US markets plunge on economic worries 

    7th November, 2008 09:44

    Look for the economy, weak retail sales and worries about whether the auto industry will survive stocks on the second day of losses. The Dow dropped 443 points on

  • Mkts to see further pain if 2740 is broken: Modern Shares 

    7th November, 2008 09:38

    Neppolian Pillai of Modern Share and Stock Brokers, feels 2,745 is a key important level for the bull market. "The structure is already broken, it is going to go c

  • Obama to focus on outsourcing now: New Silk Route Partners 

    7th November, 2008 09:35

    Parag Saxena, CEO, New Silk Route Partners feels that President-elect Barack Obama will focus on outsourcing post the election rhetoric. "Now partly there is elect

  • Mkts end strong led by power, oil, metal, telecom stocks

    7th November, 2008 09:30

    The markets ended the last day of a week on a strong note. Power, oil, metal, telecom, technology and capital goods stocks led this rally. Positive global cues als

  • More pain ahead for metal stocks globally 

    7th November, 2008 09:28

    Technical bounces in metals and metal stocks will happen. But one doesnít want to be in this space now because every economic and fundamental data point is suggest

  • Nifty may correct upto 2833-2773: Angel

    7th November, 2008 09:23

    According to Angel Broking's Market Outlook report, if NIFTY trades below 2920 for the first half-an-hour of trade then it may correct up to 2833-2773.

  • Nifty has support at 2750: SKP Securities

    7th November, 2008 09:12

    According to SKP Securities' Technical Analysis report, Nifty has its support at 2750 and resistance at 3000.

  • Expect recovery today: Mohoni

    7th November, 2008 09:04

    European markets crashed last night, and the US indices followed suit. Asian markets are also down this morning, but have recovered quite a bit from their session

  • Debt funds see Rs 53K cr redemptions in Oct 

    7th November, 2008 09:00

    The mutual fund industry's assets under managements, or AUMs saw their steepest drop ever in October. And now there's a double whammy - redemptions in debt funds c

  • Mkts to approach important levels, session to be volatile 

    7th November, 2008 08:55

    The global cues are not very good and we hope that Indian markets emulate Asia more than US. Markets may see support at critical levels. Overall, it is an importan

  • Mumbai lawyer wishes to 'reunite' with Obama at White House 

    7th November, 2008 08:52

    Even as the world celebrates Barack Obama becoming the 44th President of the United States, nearly all countries are scouting around for that elusive Obama connect

  • 10-year yield seen between 7.60-7.70%: Mishra

    7th November, 2008 08:46

    RBI's proactive management of short-term liquidity is a positive cue for the bond markets. Monetary easing by BoE and ECB will help soften bond yields. The 10-yea

  • Syndicate Bank looks to raise Rs 500 cr

    7th November, 2008 08:44

    Syndicate Bank might look at raising Rs 300-500 crore Tier-II capital by way of subordinate bonds during the current fiscal, according to Mr George Joseph, Chairma

  • MindTree to offer consulting in job process outsourcing

    7th November, 2008 08:43

    After streamlining its internal recruitment process, Bangalore-based IT consulting firm MindTree Ltd plans to add consulting in recruitment process outsourcing (RP

  • Market likely to remain volatile: Vibhav Kapoor 

    7th November, 2008 08:42

    The worst may be over for now but the market is likely to remain volatile. The indices may not go down to the recent lows, says Vibhav Kapoor.

  • Maestros Mediline System buyback offer at max Rs 75/sh

    7th November, 2008 08:40

    Maestros Mediline System has fixed buyback offer at Maximum of Rs 75 per share while its current market price is Rs 39.

  • Ashok Leyland looking to set up finance co

    7th November, 2008 08:39

    Hinduja-group owned Ashok Leyland is looking to having a vehicle finance company to support sales of its vehicles, it is learnt.

  • No need to get panicky on slowdown: Nasscom

    7th November, 2008 08:37

    Donít talk of gloom and doom, Mr Som Mittal, President of Nasscom, asks all those who refers to the slowdown and its impact on the Indian IT, ITES, animation and g

  • Crude trades nears 19-month low, at $61.19/bbl 

    7th November, 2008 08:31

    Crude prices are trading near a 19-month low on signs that fuel demand will contract as the global economy slows. Prices tumbled after the International Monetary F

  • Market cues: FIIs net buy $84.2 mn

    7th November, 2008 08:27

    Market cues: FIIs net buy USD 84.2 million in equity.

  • Crude may test USD 50/bbl 

    7th November, 2008 08:22

    The economic outlook whether it is from International Monetary Fund (IMF), the Bank of England over the State of California, all looks pretty bad and that is bad f

  • 'Rise in $, need for liquidity keeping gold volatile'

    7th November, 2008 08:20

    Investorsí misunderstanding of gold is affecting the yellow metal and, in turn, hurting their portfolio returns.

  • 'No immediate move to hike vegoils customs duty'

    7th November, 2008 08:17

    The Union Agriculture Minister, Mr Sharad Pawar, on Thursday ruled out any immediate move to re-introduce or raise import duties on edible oils.

  • Asian markets trading lower; Nikkei slips 4.3%

    7th November, 2008 08:12

    Asian markets were trading lower. China's Shanghai Composite was down 0.08% or 1.35 points at 1,716.37. Hong Kong's Hang Seng fell 2.12% or 292.28 points at 13,497

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login